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1.
noun

1 : maintenance of a web journal or weblog; blogging, especially trivialities and the results of name generators, meme generators, and internet quizzes

2 : a name generator, meme generator, or internet quiz

3 : an expression describing the elusiveness of content on the internet; an expression of doubt

4 : bikini wax

(Etymology : weasel : Middle English wesele, from Old English weosule; frosting : unknown)
The Hobbit Name Generator is nothing but weasel frosting.
by Peony Boffin of Whitfurrows December 06, 2003
 
2.
The act of bleaching the tips of one's pubic hairs to appear "frosted".
Queen: Girl, you wanna go to da movies tonight?
Wendy: Nahh girl, I gots an appointment to get my weasel frosting on!
by Velvet Dress February 20, 2011